๐จ $SCR /USDT Technical Analysis: Potential Reversal or Further Downtrend? ๐จ
SCR/USDT has experienced a significant decline, now sitting around 0.737 USDT after previously reaching a peak of 1.940 USDT. With bearish momentum dominating, SCR is at a pivotal level where it might either stabilize or continue its downtrend. Hereโs what to watch:
๐ก TARGET LEVELS TO WATCH ๐ก
๐ฏ Target 1: 0.806 USDT โ This immediate resistance level is key for any attempt to reverse the current trend. A push above this level might signal the start of a recovery.
๐ฏ Target 2: 1.414 USDT โ If SCR can build momentum, the next major resistance lies here. Breaking through could indicate a stronger recovery and attract more buyers.
๐ฏ Target 3: 1.940 USDT โ Reaching this level would mark a full retracement to recent highs, signaling a complete reversal of the downtrend. However, itโs a distant target, requiring sustained bullish strength.
๐ DOWNSIDE WATCH:
If SCR fails to hold above 0.737 USDT, further declines could push the price toward 0.734 USDT or lower, increasing bearish pressure.
Traders, keep a close eye on these levels to determine the strength of any potential recovery!
